Story — a reinterpretation of the legend of Camelot — centers on Kevin Matchstick, an alienated young man who discovers he has superhuman abilities, gains a magic baseball bat and defeats the nefarious plans of a being called the Umbra Sprite.

“It has always been a favorite book of mine,” said Levin, whose comicbook-to-bigscreen credits also include the “Hellboy” films. “It’s one of the great untapped comicbooks from the ’80s renaissance that also spawned “Watchmen” and “Batman: Dark Knight.”

Levin will finance development and production of “Mage,” which was previously in development at Spyglass with Zack Snyder attached to direct, before taking it to a studio partner for distribution.

“It’s a great that Lloyd is taking on this material because his approach (to comicbooks) is to capture the essence of the original source material,” said Wagner, who is the writer and illustrator of the property. “The timing is good, too, because in the past, (filmmakers) tried to fix the material. Now they try to adhere to the material.”

Levin, who is close to attaching a writer, is producing the pic alongside Andrew Cosby.